Freestone Capital Holdings LLC Decreases Stake in Intel Co. (NASDAQ:INTC)

Freestone Capital Holdings LLC reduced its position in Intel Co. (NASDAQ:INTC) by 20.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 41,681 shares of the chip maker’s stock after selling 10,456 shares during the period. Freestone Capital Holdings LLC’s holdings in Intel were worth $836,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Finley Financial LLC purchased a new position in Intel in the 4th quarter valued at about $25,000. Synergy Investment Management LLC purchased a new position in Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department purchased a new position in Intel in the 4th quarter valued at about $28,000. Keystone Financial Group Inc. purchased a new position in Intel in the 4th quarter valued at about $29,000. Finally, Quest Partners LLC boosted its position in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Down 0.3 %

Shares of NASDAQ:INTC opened at $20.75 on Friday. The company has a 50 day moving average price of $21.29 and a 200 day moving average price of $21.81. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market capitalization of $89.85 billion, a price-to-earnings ratio of -4.74 and a beta of 1.02.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Rosenblatt Securities restated a “sell” rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Wells Fargo & Company dropped their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Mizuho dropped their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Finally, Truist Financial dropped their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.88.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.